China
China discovers first large, ultra-shallow gas field in South China Sea
China discovers first large, ultra-shallow gas field in South China Sea
It has a capacity of 100 billion cubic metres.
China accounts for 50% of global PV inverter shipments
Global shipments grew 56% last year.
China’s wind and solar capacity surpass coal for the first time
In H1, wind and solar added over 100 GW versus 8 GW from coal.
China’s solar dominance shines bright in energy development
Beijing is projected to exceed its target of 200GW additional solar and wind capacity this year.
China to account for half of 4.7 TWdc solar capacity addition between 2024 and 2023
It is also seen to lead the wind power and energy storage market.
Shandong Liaocheng Power Supply rolls out supply measures amidst higher summer demand
Peak midday load is seen to reach 6.03 million kilowatts.
China leads growth of renewable energy capacity in 2023
In wind alone, over 66% of the additions were from Beijing.
Why imported LNG is not the ‘bridging fuel’ in China’s energy transition
Coal generation costs lower by $30 to $40 per MWh than natural gas-fired generation.
China is 2nd most attractive for renewable investments
It garnered a total score of 72, behind the US with 73.6.
China to achieve solar and wind energy goal ahead of 2030 target
Solar and wind energy capacity is seen to exceed the 1,200 GW target next year.
Mingyang and BASF get approval for 500 MW offshore wind farm
The project is expected to start operations by 2025.
China installs 18-MW offshore wind turbine
This is considered to be the largest worldwide.
China’s LNG regasification segment dominates midstream projects
The 341 billion cubic feet Zhoushan III project will start operations in 2026.
China faces RE supply challenges in green hydrogen production
Around 20 GW of onshore wind is needed to produce one million tpa of green hydrogen.
China grapples with hydrogen supply-demand discrepancy
The country continues to grow its hydrogen network to address this challenge.
State Grid Zhenjiang completes 500 kV support grid for Jurong pumped storage power project
The project has 21 kilometres of transmission lines and 53 iron towers.
Sinopec and PETRONAS sign MoU to enhance energy value chain cooperation
The collaboration will include the areas of new energy and CCUS.
Commentary
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